Compensation: HR News, Trends & Workplace Insights

Latest Compensation HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Compensation.

Updated on: May 2023

Compensation

Microsoft wont give employees salary raise this year

May 11, 2023

Burger King employee gifted Rs Cr for not taking a single leave in yrs

A -year-oldnbspBurger Kingnbspemployee has received over , nearly Rs . crore, on his...

Compensation

May 9, 2023

Burger King employee gifted Rs Cr for not taking a single leave in yrs

Googles leadership double standards Example of corporate greed

Googles leadership has double standards. However, due to economic uncertainty, the company la...

Industry

May 8, 2023

Googles leadership double standards Example of corporate greed

Wipro official says Over of freshers opt for lower salary option

According to livemint reports, An Indian multinational corporation, Wipro to fast-track onboarding m...

Industry

Apr 29, 2023

Wipro official says Over of freshers opt for lower salary option

Compensation

Woman claims Rs 50k salary not enough to survive in metro city

The cost of living in a metro city is high. The cost of living is always on the higher side as room rent, groceries, medical facilities, and more are expensive. Recently, in a viral post on Twitter, a user, named Medha Ganti, shared this struggle of hers and said how it is impossible to survive […]

Apr 29, 2023

Compensation

Apple Store employees earning Rs 1.0 lakh with additional benefits

An American multinational technology company, Apple has recently expanded its presence in India. The company has opened its first official online store in Mumbai followed by Delhi. Mumbai’s Apple Store has been opened in Mumbai’s is located bustling Bandra Kurla Complex financial, arts, and entertainment district, and Delhi one has been opened in Saket. The […]

Apr 27, 2023

Industry

‘My salary is more than your pre-seed funding’: Woman’s honest reply to founder

The founder and CEO of healthcare startup Walnut Roshan Patel have reached out candidate software engineer after raising a pre-seed round. The founder asked, “I run a startup increasing access to healthcare by making it more affordable. We just raised a pre-seed round and are looking to hire talented engineers. Are you interested in chatting?” […]

Apr 27, 2023

Compensation

TCS working on doubling the salary, and reducing disparity

An Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) is looking forward to very high increments for new hires. TCS has already rolled out offers to 46,000 freshers for the FY24, at a time when the industry has been marred by onboarding delays in a challenging macroeconomic climate. The company has […]

Apr 26, 2023

Compensation

HCLTech 85% employees to get variable pay: CPO, R Sundarajan

An information technology services and consulting company, HCLTech will be providing 85 percent of its employees with variable pay for Q4 FY 2022-23. According to the reports of Business Today, the Chief People Officer (CPO) of HCLTech Ram Sundarajan said, “The variable pay for Q4 FY23 will be similar to previous quarters where 85 per […]

Apr 21, 2023

Industry

Wipro imposes test, after slashing salaries by 50% for freshers

Earlier, an Indian multinational corporation, Wipro reduced the fresher employees’ salary by 50 percent from Rs 6.5 lakh to Rs 3.5 lakh per annum. Wipro provides training to freshers employees. This gives an opportunity to the Elite fresher candidate to upgrade to the ‘Turbo’ category. This also upgrades the salary package of employees. The company […]

Apr 20, 2023

Compensation

Cognizant announces the third hike, Read CEO email to employees

An American multinational information technology services and consulting company, Cognizant has announced the third hike in 18 months for its employees. The salary hike is a part of the ‘two-merit cycles’ in a year a one-time measure announced by the company in November 2022. This was announced by the company to arrest the rising attrition. […]

Apr 19, 2023

Compensation

Samsung reduces employees’ average salary hike to 4.1 percent

A South Korean multinational electronics corporation, Samsung has reduced the salary hike of its employees. The average salary hike is 4.1 percent. The company announced internally earlier in the day on Saturday, April 16. However, in the previous year, the company had agreed on a salary increase of a 9 percent average pay hike for […]

Apr 17, 2023

Compensation

TCS & IT companies delay onboarding of freshers, cut variable pay

According to the reports to Business Today, IT companies including TCS, Wipro, and many others are facing an economic slowdown. The report also suggests that IT companies may still delay the onboarding of freshers candidates. The report also suggested that as far as the variable payouts are concerned they have been dull to date in […]

Apr 12, 2023

Compensation

Amazon to plans to cut Stock Awards & fire hundreds of employees

The e-commerce technology company, Amazon has recently announced to sack more than 100 employees from its gaming division. The company is ongoing efforts to restructure and streamline its operations resulting in layoffs. The company’s Games VP Christoph Hartmann wrote a memo to staff and informed them about the job cuts. Christoph Hartmann wrote, “After evaluating […]

Apr 6, 2023

Compensation

Salary hike alert: Air India staff to receive 8-10% salary hike

According to a Livemint report, the flag carrier airline of India, Tata group-owned Air India will be revising the salary of staff and it is expected the salary hike to be nearly 8-10%. It is expected that the shortage of pilots is the key reason behind the decision to raise salaries. There has been a […]

Mar 31, 2023

Compensation

Meta may lower bonus payments of some employees

According to the reports, Facebook owner Meta will be lowering bonus payments for some employees. The bonus multiplier for that grade has been cut to 65% from 85% earlier. Chief Executive Mark Zuckerberg earlier in February declared 2023 the “year of efficiency.” Following the footsteps, the company will also restart assessing staff performance twice a year. The reports […]

Mar 29, 2023